Skip to main content

About your Search

20121120
20121120
STATION
FBC 13
LANGUAGE
English 13
Search Results 0 to 12 of about 13 (some duplicates have been removed)
FOX Business
Nov 19, 2012 7:00pm EST
. not the official u.s. name for which has long been burma. the president met with cambodian strongman, the one-time communist who has held power since the mid-80s. this is the first ever trip to cambodia by a sitting united states president. as the president continues his tour through southeast asia, work continues in washington are possible fiscal cliff deal, confident such a deal would be reached to spur optimism in the market today combined with good news on housing produced a big wall street rally. crude oil hitting a one-month high at the escalation of the middle east, futures jump in almost 3%. the national association of realtors today reporting existing home sales rose more than 2% in october beating forecasts. faster pace of sales and an increase in monthly builder sentiment all contributing to the good news today in the housing market. and wall street acting like the uncertainty of the first goal go cliff has all but disappeared. and trust in both parties has been comic scene, relentlessl my restored. the stock prices up for the best time in two months. the s&p picking up 27, the nas
FOX Business
Nov 19, 2012 9:00pm EST
and tax increases, hitting every single american taxpayer right in the wallet. it's not just us but get hit hard, amid all the uncertainty, companies are scaling back their investment plans. according to "the wall street journal", u.s. companies are cutting their spending plans in the fiscal and economic uncertainty, and doing so at the fastest pace in the a recession. it goes on to say that companies are not planning to spend this year or next year. i am joined by jeffrey miron. welcome back to the show, jeffrey. good to see you. i want to start with some breaking news that we had. moody's just announced that they are cutting france's government rating to aa from triple-a. the s&p da back did it back in january. of course, we mentioned last week that the eurozone is in recession. economies that are expanding and not contracting. is this a winning post for people in this country who can't seem to get our spending under control? >> i think it should be a warning. the entire situation should be a wake-up call. but even in europe, they are not recognized in the wake-up call. they are not d
FOX Business
Nov 20, 2012 1:00pm EST
important instrument for us, and we'll be using that at some point, at the appropriate time, to begin to tighten monetary policy. now, you're talking about the other direction, why not just cut it to zero, pay no interest on excess reserves, and thereby, get more accommodation? well, it's something we've considered repeatedly, and we continue to consider, and i don't rule it out as an action in the futtre, what we do is the following. if we were to cut the interest rate from 25 basis points to 0 #, our estimate is it affects short term interest rates, like overnight rates, on the order of eight or nine basis points, extremely small amount, in turn, having a smaller effect on loans like housing loans or auto loans ect.. the stimulated agent -- act of that action is small, but on the other hand, the concerns we've had or some have had is that if there is no return on institutions, money market funds, repo markets and so on could be liquid because there's little incentive to act in the markets when interests pay zero, why not just hold cash or fallow reserves? so the concern is that, per
FOX Business
Nov 20, 2012 6:00pm EST
went wrong. stay with us. gerri: we talk a lot about freedom on this network. the freedom to start your own business, to invest, but with freedom comes responsibility. there's a lot of people just blow it. i'm highly critical of the way government operates and we spent a lot of time criticizing the feds and state and local governments. some folks in the ceo suite on making some of the same mistakes. you have every reason to complain. case in point today, former ceo of hewlett-packard. no one of my colleagues at fox business nominated him as the worst ceo of all-time. in his rush to write the ailing company, they restructure the legendary pc business and bought a british software company called autonomy. oracle decided to take a pass. hp should have done the same because today it had to take $9 billion accounting charge after finding out they have serious accounting i improprie improprieties. the write off wiped out the company's profits. at least the traders at jpmorgan lost $5 billion new or taking a gamble. which raises the question, isn't that what due diligence is for and why did tw
FOX Business
Nov 19, 2012 8:00pm EST
have a country where we used to require, don't know if they still do, does anybody have to have a sponsor and so much money in the bank because it used to be our grandparents had to have a lot of different assets or wee they would send them back home. tom: let's go to jonathan. >> we should want immigrants to come, of course, they are a vital resource in a benefit to this country. entitlements are not. the fact they are ready for freedom and we are at the door the minute they step off of ellis island handing them the benefits and saying sign-up, i think it only is in decorating immigrants but would-be voters and you know which way they will vote. >> should be encouraging people to be contributing members of society, not burdened on the system. we say welcome to the country, be a burden on the system. tom: we used to have that rule, do we still have that rule? i'm asking the question. >> there are clear set of systems and requirements for anybody who comes over to be an immigrant or become a citizen. a lot of what we're talking about for immigration reforms are setting up very cl
FOX Business
Nov 20, 2012 9:20am EST
an amateur. but first, france's downgrade, that reminded us of this famous movie scene. >> hey, hey! oh! >> count the money, count the money! [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >> all right. we're looking for a very modest drop for the dow industrials at the opening bell today. remember, we were up over 2,000 points yesterday and down maybe, 15, 16 points, finishing ringing and we have housing start numbers coming in and we begin work on, i believe, under 900,000 new homes and best record in four years and that's going for us. other than that, what have we got. we've got a dow jones industrial average, opened slightly lower and i've got the big story and allegations of s
FOX Business
Nov 20, 2012 3:00pm EST
and i get nervous when i see the vix really not react. the ten year is telling us we have some things to worry about. the stock market is kind of ambivalent. and the vix is telling us don't worry at all. so we have got three different things to worry about here. also we've got that 200 moving day average in the s&p, in the index, the spx and we're bumping right up against that. that could give us another clue where we'll be going the next three four weeks. finally we have the politicians given the opportunity to disappoint, they generally do. look at europe. i think that's something we need to wrap around a big red bow on and give ourselves for christmas. liz: i'd rather have a fancy car. what's your next target, scott, the next ceiling or floor? >> i think we could see another 2 to 3 percent off the market going into year end hopefully we get a deal from the administration and i think we unleash some capital in the market. liz: quick question about natural gas, what changed from yesterday, elliot? >> you know, we have talked about this too. natural gas is a very strange market. i mea
FOX Business
Nov 20, 2012 11:00am EST
want clinton type of tax rate that we had back in the 1990s, okay, give us that clinton type of error. in return, we want spending levels proportion to the economy. repeal obamacare. republicans should go on offense instead of just letting the democrats define the terms of debate. dagen: do you think that all of the tax rate should go up? >> no. no. dagen: just for the wealthy, you are talking about. >> i do not want any tax increases. critics will say: oh, you are just kicking the can down the road. fine, that will help save the economy. that things will happen. connell: just in terms of perspective, the economy and numbers we report every day, you could make an argument that things are getting a little bit better. the housing data is turning around. some people say time heals wounds. >> all the more reason not to hurt the economy. there are numerous new regulations coming under obamacare. that will hurt. you have numerous regulations coming from dodd-frank. that will hurt. put them to the third degree. why in the world do you want to pile that on with new taxes? connell: do nothing
FOX Business
Nov 20, 2012 12:00am EST
inside. >> amazing. the war has major political ramifications worldwide. walid phares joins us with more. how close are we to the full-scale war? with everything developing what do you think? >> it is the first chapter of the wider confrontation with tens of thousands of show-- soldiers have the airforce ready to go after the hamas headquarters. when they send area rockets rockets, the question is will israel cross the line to invade the fed is a tough thing to do? for hamas they will continue to shell. they could not occupy so israel the priority is those existing inside the gaza strip for taken out to. >> do they go and with full-scale war? where does that leave us? >> most of focusing what would push the is really is to make a move. it is not just the enemy. they have tanks, have a material and technology. they want to make sure the united states will be with them. >> are we? >> president obama made a statement that any president would make. we are with you in retaliation against hamas. but not if you go and. and israelis are concerned what would be shipped to? they have the muslim br
FOX Business
Nov 20, 2012 4:00pm EST
friend here of etftrends.com telling us three etfs to shop for now before consumers fill up the carts. what drove the markets today? it was a mixed day on wall street as ben bernanke urged congress to deal and reach a debt deal. the s&p and -- listen, the whole market just plunged after the speech, but, still, after awhile, the markets managed to eke out gains. dow down a point, snaps a two session winning streak. consumer discretionary and health care today's top performers and technology and energy lagged. we have lots of action in the metals today. gold giving back a little more than a half of yesterday's gains closing down $11 an ounce. other metals lower, the biggest loser today, goes into catalytic converters to convert, down 1.1%. silver down eight-tenths of a percent. here's a good sign here. new home construction soaring to the highest level in more than four years last month. jumping 3.6% to a seasonally adjusted annual rate of 894,000. october's jump pushed starts up more than 40% compared to one year ago. david: it's all covered for today's action, larry, at the cme in chi
FOX Business
Nov 20, 2012 5:00pm EST
is also a former u.s. navy helicopter pilot, he trained extensively with the israeli navy while operating in the mediterranean. welcome back to the show. let's get right to it. your expert opinion, do you think a war is imminent here? >> thank you for having me. i don't think war is imminent. what we have is what i would describe as a medium or high intensity tactical conflict. until the israelis cross the border with ground forces into gaza, we have not sucked up into full war. the other thing to keep in mind, this low intensity conflict between israel and hamas has been going on for the better part of six years. there's only been in the past week or two it has exploded into this level of violence. melissa: why do you think it is exploding now? exploded now? it's a changing neighborhood? neighbors have become even more hostile toward israel, egypt with the muslim brotherhood and their ties or potential ties to hamas. seems like turkey, their words have been so inflammatory, it seems all of a sudden they find themselves more alone than ever. do you agree with that? speak unfortunately the
Search Results 0 to 12 of about 13 (some duplicates have been removed)